-NDTV The government has approved export of two million tonnes of wheat from central pool stock in order to clear storage space for new crops. The decision was taken by the Cabinet Committee on Economic Affairs (CCEA) in Delhi today. "CCEA has approved export of two million tonnes of wheat from government stock with floor price of $ 228 (about Rs. 12,400) per tonne," Food Minister KV Thomas told PTI after the meeting. The...
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'Reforms' for whom?-Ajit Balakrishnan
Two ways to advertise your modernity in India today: first is to carry an iPad, second is to declare that you are firmly on the side of 'reforms' There are two quick ways to advertise your modernity in India today. The first is to carry an iPad when you go for meetings, even if all you do with it is read email; and the second is to declare that you are...
More »How the Land Acquisition Bill will impact farmers-KP Narayana Kumar
-CNN-IBN Passing through Bulandshahar, a rapidly urbanising district in Uttar Pradesh known for its rustic politics and dairying, this reporter chanced upon a group of farmers sitting in protest outside a newly constructed apartment. The farmers occupied a tent that was erected outside the apartment complex. Their complaint was that they were being coerced to sell land for cheap by Private Players. "We will get only a measly Rs 20 lakh per...
More »Govt mulls cheap houses for rent-Mahendra Kumar Singh
In a bid to meet burgeoning housing requirements in cities and towns, the Union housing ministry is expected to set up a high-level committee to recommend policy interventions to facilitate creation of rental housing stocks to cater to those who cannot afford to buy houses. Now, the housing shortage stands at around 27 million units, and estimates suggest that at least 50% is ascribed to people who cannot afford to own...
More »Increase duty on diesel cars up to Rs 2.5 lakh: Jaipal Reddy-Sanjay Dutta
If the government accepts oil minister S Jaipal Reddy's proposal, the price of small diesel cars could soon rise by Rs 1.7 lakh while medium-to-large guzzlers could become costlier by Rs 2.55 lakh a piece. The proposal to impose additional excise duty on diesel cars is bound to trigger protests from automakers, who have seen sales growing at the slowest pace in seven months in May. Domestic car sales declined 24%...
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